At Glacier Hills Credit Union, your deposits are insured up to $250,000 by the NCUA, and independent agency of the US government. Please note that if you have more than $250,000 in deposits there are options on structuring accounts to make sure your deposits are insured. Please watch the short video below to learn more about the NCUA insurance. If you need to insure more than $250,000 click the "Play Next Segment" for additional information on a few account structuring options.
NCUA Insurance Explained video
Additional NCUA Insurance Information
Federal insurance protection for your money is a crucial consideration when selecting a financial institution to entrust your savings. At Glacier Hills Credit Union, your savings are insured up to $250,000 by the NCUA, an independent agency of the US government.
Here are five essential things to know about the insurance coverage:
Glacier Hills Credit Union is federally insured by the NCUA. No member of a federally insured credit union has ever lost one penny of insured savings.
The NCUA backs your insured deposits with the federal government, providing an additional layer of protection for your savings.
NCUA insurance covers a wide range of deposit accounts, including savings, checking, certificate, IRA, and trust accounts. However, it does not apply to investment products like mutual funds, annuities, and insurance.
Your insurance coverage at Glacier Hills is not affected by any accounts you may have at other financial institutions.
If your deposits exceed $250,000, you can structure your accounts to maximize your NCUA insurance protection. By opening joint accounts, IRA accounts, and trust accounts, you can increase your insured deposits significantly.
To illustrate this point, consider a family of three that can insure up to $2.5 million by opening multiple accounts with Glacier Hills. By opening individual accounts, joint accounts, and trust accounts, and adding IRA or business accounts, they could insure even more. The NCUA provides a helpful chart to illustrate the various account structures that can maximize insurance coverage.
Family of Three
For additional information and examples, review the “Your Insured Funds ” brochure provided by the NCUA. English or Spanish versions are available . Click on Share Insurance Plublications to download the brochure.
In conclusion, when it comes to safeguarding your savings, federal insurance protection is a critical factor to consider. By banking with Glacier Hills Credit Union and structuring your accounts appropriately, you can ensure that your deposits are federally insured up to the maximum limit. If you need further information or assistance, the Glacier Hills staff is always available to help.
